1. Andrew Jackson
Veto of the Bank

2. Bank Veto Bill for renewal came to Jackson on July 4, 1832
Jackson was sick in bed
Jackson vetoed the bill that would give the bank a new charter
“The bank, Mr. Van Buren, is trying to kill me. But I will kill it!”
Jackson pulled govt. funds
Deposited the money in state banks
Opponents called them “pet banks”

4. Jackson’s View of the B.U.S.
“Hard” (specie) $
“Soft” (paper) $
BANK
The Supreme Court had ruled it was constitutional
Bank caused inflation
Issued too many loans & notes (paper bill that could be cashed in for money)
Jackson had it investigated for fraud & corruption
Felt many officials were using it for personal gain
Felt its lending policies favored the wealthy and hurt avg. people
He felt coin was the only safe currency
“influenced the elections of the public officers by means of its money”

5. President Jackson's Veto Message Regarding the Bank of the United States; July 10, 1832
The bill " to modify and continue " the act entitled "An act to incorporate the subscribers to the Bank of the United States " was presented to me on the 4th July instant. Having considered it with that solemn regard to the principles of the Constitution which the day was calculated to inspire, and come to the conclusion that it ought not to become a law, I herewith return it to the Senate, in which it originated, with my objections.
A bank of the United States is in many respects convenient for the Government and useful to the people. Entertaining this opinion, and deeply impressed with the belief that some of the powers and privileges possessed by the existing bank are unauthorized by the Constitution, subversive of the rights of the States, and dangerous to the liberties of the people, I felt it my duty at an early period of my Administration to call the attention of Congress to the practicability of organizing an institution combining all its advantages and obviating these objections. I sincerely regret that in the act before me I can perceive none of those modifications of the bank charter which are necessary, in my opinion, to make it compatible with justice, with sound policy, or with the Constitution of our country.

6. Jackson is at his bed late one night (the candle), sick (as he was when this event happened), when the bill for the renewal of the bank (the dragon) comes to him. He jumps quickly to kill the bank using his sword (with the word veto marked on it) and dragging the American people (the guy on the right) along with him.

7. It is time for me to resign the presidency
Major Jack Downing, I must act with energy and decision…You see the downfall of the party engine and corrupt monopoly.
…in the affairs of William Shakespeare says…my dear Clay, look out for yourself.
No more fees to be obtained here! I move we adjourn!
It is time for me to resign the presidency
Help me up, Webster! Or I shall lose my stakes!
National Gazette
Nicholas Biddle portrayed as the Devil (he says “It is time for me to resign the presidency”), along with several speculators, congressmen (Clay is on the floor asking for the help of Webster who was the lawyer who represented the bank in court in Jackson’s lawsuit against the bank), and hirelings, flee as the bank collapses while Jackson’s supporters (drawn as a fictional character created by the newspaper, Jack Downing) cheer.
Kentucky
Albany Gazette
Evening Star
Columbian Sentinel
Courier & Enquirer $52,000
Journal of Commerce
United States Gazette
National Intelligence $10,000

8. I’ll keep in my hole while he’s in sight
My cloak does not cover me, as well as I could wish, but this Book with it, will be a good passport to the Corn Crib.
Pro-Jackson satire on the Bank campaign to destroy the political power and influence of the Bank. It was probably issued late in the presidential campaign of 1832, after Jackson’s July veto of the bill to re-charter the Bank. (Weitenkampf tentatively dated the print 1833, but the Library’s impression was deposited for copyright on September 12, 1832). Jackson portrayed as a cat (with a tail marked “Veto”) defending the corn cribs in “Uncle Sam’s Barn” from rats “which had burrow’d through the floor, to get at his capital Corn Crib: While Uncle Sam, and his active laborers, stand at the door, enjoying the sport.” The cat has one rat in his mouth, possibly Henry Clay, who says, “My case is desperate.” Under his paw is another (possibly the Bank’s president Nicholas Biddle) who says, “Them d’d Clay-Bank Rats brought me to this.” In the lower left a rat with a cape and his paw on a Bible says, “My cloak does not cover me, as well as I could wish, but this Book with it, will be a good passport to the Corn Crib.” Other rats creeping from holes in the floor say, “I’ll keep in my hole while he’s in sight” and “No chance for me whie he’s in the Barn.”
No chance for me while he’s in the barn.
My case is desperate.
Them d’d Clay-Bank Rats brought me to this.